DROP DOWN OPTIONS FROM TOP TO BOTTOM:

1.) ADCVX, FCPAX, FSTAX / AEMMX, ADCVX, FCPAX / AEMMX, FSTAX / AEMMX, FCPAX

2.) AEMMX, FSTAX / AEMMX, FCPAX, ADCVX / AEMMX, FSTAX / AEMMZ, FCPAX

3.) FSTAX, / AEMMX / FCPAX / FCPAX, ADCVX / ADCVX, FSTAX

4.) FSTAX / ADCVX / AEMMX / FCPAX

5.) FSTAX / ADCVX / AEMMX / FCPAX

Use the mutual fund quotes in table below, and assume that you can buy these funds at their quoted net asset values. Exhibit 13.3 Mutual Fund Quotes Open-end mutual funds are listed separately from other securities and have their own quotation system; an example is shown here in online quotes from The Wall Street Journal. Note that these securities are also quoted in dollars and cents, and that the quotes include not only the fund's NAV but also year-to-date (YTD) returns. Also included in the quotes is an indication of whether the fund charges redemption and/or 12b-1 fees. YTD 3-Year % Return %Chg Family/Fund Symbol NAV Chg American Century Core Plus Fund; class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load (4.5%). American Century A CorePis p ACCQX 10.35 -0.01 -2.1 1.5 American Century Emerging Markets Fund, class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load (5.75%). EmgMktA t AEMMX 1 -13.5 10.2. 0.11 ADCVX 25.27 -0.05 DiscGro 11.6 15.3 EqMktNtrl t ALIAX 10.88 -0.5 -0.2 -American Century Alternatives Equity Market Neutral Fund, class A shares; a fund with a 12b-1 fee (0.25%) and a front-end load fee (5.75%). Fidelity Advisor A FitRateAr FFRAX 9.65 3.1 4.3 GrolncA p FGIRX 30.51 0.13 7.5 14.6 IntCpApA p 0.04 -1.0 9.9 FCPAX 19.56 FGTAX 16.89 0.07 MegaCapStock 8.3 14.7 Fidelity Advisor International Capital Appreciation Fund; class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load fee (5.75%) RealEstat FHEAX 22.00 -0.26 1.8 6.0 StrinA FSTAX 11.99 -0.5 4.3 -Redemption charge may apply. p-Distribution costs apply, 12b-1. t-Footnotes r and p apply. Source: The Wall Street Journal, http://www.wsj.com/mdc/public/page/2_3048-usmfunds_A-usmfunds.html, data from September 19, 2018. NAV: net asset value. Chg: change In NAV from previous trading day. 3-Year % Change: trailing three-year annualized change. How much would you have to pay to buy each of the following funds? a. American Century Emerging Markets Fund (AEMMX) b. American Century DiscGro Fund (ADCVX) c. Fidelity Advisor International Capital Appreciation Fund (FCPAX) $ d. Fidelity Advisor International Capital Shares (FSTAX) According to the quotes, which of these four funds have 12(b)-1 fees? ADCVX, FCPAX, FSTAX Which have redemption fees? AEMMX, FSTAX Which of the funds are no-loads? FSTAX Which one of the funds has the highest year-to-date return? FSTAX Which one of the funds has the lowest year-to-date return? FSTAX Use the mutual fund quotes in table below, and assume that you can buy these funds at their quoted net asset values. Exhibit 13.3 Mutual Fund Quotes Open-end mutual funds are listed separately from other securities and have their own quotation system; an example is shown here in online quotes from The Wall Street Journal. Note that these securities are also quoted in dollars and cents, and that the quotes include not only the fund's NAV but also year-to-date (YTD) returns. Also included in the quotes is an indication of whether the fund charges redemption and/or 12b-1 fees. YTD 3-Year % Return %Chg Family/Fund Symbol NAV Chg American Century Core Plus Fund; class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load (4.5%). American Century A CorePis p ACCQX 10.35 -0.01 -2.1 1.5 American Century Emerging Markets Fund, class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load (5.75%). EmgMktA t AEMMX 1 -13.5 10.2. 0.11 ADCVX 25.27 -0.05 DiscGro 11.6 15.3 EqMktNtrl t ALIAX 10.88 -0.5 -0.2 -American Century Alternatives Equity Market Neutral Fund, class A shares; a fund with a 12b-1 fee (0.25%) and a front-end load fee (5.75%). Fidelity Advisor A FitRateAr FFRAX 9.65 3.1 4.3 GrolncA p FGIRX 30.51 0.13 7.5 14.6 IntCpApA p 0.04 -1.0 9.9 FCPAX 19.56 FGTAX 16.89 0.07 MegaCapStock 8.3 14.7 Fidelity Advisor International Capital Appreciation Fund; class A shares; a fund with both a 12b-1 fee (0.25%) and a front-end load fee (5.75%) RealEstat FHEAX 22.00 -0.26 1.8 6.0 StrinA FSTAX 11.99 -0.5 4.3 -Redemption charge may apply. p-Distribution costs apply, 12b-1. t-Footnotes r and p apply. Source: The Wall Street Journal, http://www.wsj.com/mdc/public/page/2_3048-usmfunds_A-usmfunds.html, data from September 19, 2018. NAV: net asset value. Chg: change In NAV from previous trading day. 3-Year % Change: trailing three-year annualized change. How much would you have to pay to buy each of the following funds? a. American Century Emerging Markets Fund (AEMMX) b. American Century DiscGro Fund (ADCVX) c. Fidelity Advisor International Capital Appreciation Fund (FCPAX) $ d. Fidelity Advisor International Capital Shares (FSTAX) According to the quotes, which of these four funds have 12(b)-1 fees? ADCVX, FCPAX, FSTAX Which have redemption fees? AEMMX, FSTAX Which of the funds are no-loads? FSTAX Which one of the funds has the highest year-to-date return? FSTAX Which one of the funds has the lowest year-to-date return? FSTAX